Your Leadership Succession Plan For Business Legacy
Learn the strategies business owners use to ensure their legacy lives on and what happens after the sale.
Did you know that most business owners contemplating the sale of their business have no idea how to pass the baton?
Learn how to master business succession and pass the baton with former business owner Annette Manias.
IT DOESN"T HAVE TO BE DIFFICULT
You can navigate your exit with ease and simplicity.
Learn how to fill in the gaps.
- How to choose your advisory team.
- Building a foundation for success.
- Overcoming missteps and speed bumps.
- Choosing the perfect successor.
- Determining and developing a leader.
- Much more!
Yes, It Really Is Possible!
I have developed an entire course dedicated to helping you master business succession and
pass the baton.
The Common Mistakes
Selling a business can be stressful, and sometimes we just want it to be over with.
Here's some common places where people go wrong.
- Choosing the wrong successor
- A poor advisory board to oversee the sale
- Throwing in the towel during bumps in the road
- Not taking ample time to see the exit through and develop the next leader
With my course, you will learn every step to take to ensure a successful business transition and ultimately, your exit.
What's in the course?
MODULE 1
Choosing the correct advisory team.
The team of people you surround yourself with during the business transition is integral to your successful exit.
In this lesson we will discuss:
- What makes a good candidate for your advisory board?
- How many people should be on the advisory board?
- What qualifications should you be looking for in your advisory board?
You’ll finish this lesson with a complete picture of who needs to be in your corner during the sale.Â
MODULE 2
Creating a lasting culture.
You don't always just want to sell the business and walk away.
In this lesson, we will discuss:
- How to build a culture that will continue on past your leave.
- Honoring your team, and continuing to provide them a suitable workplace.
- Building a foundation for your team's success.
You’ll finish this lesson with a complete plan on how to build a successful foundation for your team's culture.
MODULE 3
Missteps and speed bumps.
Navigating business speed bumps can slow you down but should not stop your progress.
In this lesson we will discuss:
- How to overcome setbacks.
- How to analyze and learn.
- Adjust your strategy.
You’ll finish this lesson with tips and tools on how to overcome the common missteps and speed bumps along the way.
MODULE 4
Choosing your successor.
Finding the right successor for your business involves careful consideration and evaluation.
In this lesson we will discuss:
- The skills needed for a business successor.
- How important total alignment with company values is for a successor.
- How important it is for the successor to really want it!
You’ll finish this lesson with an understanding of what it takes for someone to be your successor.
MODULE 5
Selling to Family.
Selling to a family member can be unique and complex.
In this lesson we will discuss:
- The Importance of assessing viability of the family member.
- Transition planning.
- Family dynamics.
You’ll finish this lesson with an understanding of the steps to bring a family member into your transition strategy.
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MODULE 6
Creating a leader.
Leadership is a multi-faceted role that requires a diverse set of skills.
In this lesson we will discuss:
- The essential skills for a good leader.
- How to coach your successor in leadership.
You’ll finish this lesson with a clear understanding of the skills needed for leadership as well as the value it brings to the transition plan.
MODULE 7
How will you and your successor navigate the coming years?
Coexisting with a successor requires effective communication, collaboration, and a shared vision for the future of the business.
In this lesson we will discuss:
- How to work side by side with your successor.
- Timeline for your successor.
- Developing your successor while you are in control.
You’ll finish this lesson with the knowledge to help you and your successor navigate the coming years during the transition.
MODULE 8
Winding down the last year.
It’s completely normal to feel a mix of emotions when you realize that your business can continue to operate without your constant presence.
In this lesson we will discuss:
- How to cope with the realization that you are selling the business.
- How to cope with the question of WHO will I be after the sale.
- How to move past the emotions.
You’ll finish this lesson with an understanding of how you can move on after the sale.
MODULE 9
Do I stay or do I go?
The decision to stay or not stay in the business after it is sold depends on your personal goals, aspirations, and the circumstances surrounding the sale.
In this lesson we will discuss:
- Considering your options.
- What are your personal goals?
- WHO will you be?
You’ll finish this lesson with some reflection on your life’s goals and why you are selling the business.
MODULE 10
Exploring your feelings about selling the business
When considering selling your business, it's important to take into account emotional considerations.
In this lesson we will discuss:
- Attachment and identity.
- Financial goals.
- Emotional impact.
You’ll finish this lesson with points to consider when selling your business. It’s not all about the transaction, this is your baby!
MODULE 11
Now that it’s all said and done.
This is a bonus module that discusses my journey and where I am today. It contains a lot of introspection and will be thought provoking for you.
YOU HAVE WON THE RACE !
Putting the “SUCCESS” into Your Business Succession Plan
Why Do I Need a Succession Plan?
As a business owner, have you ever found yourself lying awake at night, worrying about the future of your company?
Do you feel that you’re:
- Burned out?
- Unable to take a break?
- Missing out on the activities you once loved, like golf, tennis, or vacations?
- Do you struggle to find quality time for your family, spouse, kids, or grandkids?
- Do you want your business to be your legacy?
- Do you hope that your business will succeed, even when you’re not at the helm?
- Do you care about your employees and their future?
If you answered yes to any of these questions, know you’re not alone, and I’ve been there, too!
If you're tired of carrying the heavy burden of running your business on your shoulders alone, it's time to consider a succession plan.Â
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What is a Succession Plan?
A succession plan is a strategic roadmap that ensures your business continues to thrive even when you're not at the helm. It prepares your company for a seamless transition of leadership, whether you're stepping down, retiring, or facing unexpected circumstances. By identifying and developing potential leaders of your company, you can safeguard the future of your business and maintain its success.
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Where Do I Start?
Two-thirds of people don’t consider a succession plan until something drastic happens. That fact that you’re here right now means you’re ahead of the curve!
Creating a succession plan might seem daunting, but it's crucial for your peace of mind and the longevity of your business and your legacy. That's why I’ve designed a comprehensive course to guide you through every step of the process.Â
This Course Is For You If:
- You are thinking of selling your business.
- You don’t know who will buy your business.
- You are concerned about mentoring your successor.
- You want to ensure that your legacy will live on.
NICE TO MEET YOU
I'm Annette Manias
I served as the President and CEO of Oasis Solutions, a leading provider of business software solutions and professional services since May 1991. I served in every function of the company, first as the inaugural customer service/implementation consultant, then in a sales and marketing capacity.
Under my leadership, Oasis’s footprint has expanded to 15 states, including the purchase of several Sage partners. In June 2014, I led Oasis into the cloud software space by adding NetSuite and Adaptive Insights to the Oasis portfolio of products.
My final function with Oasis was steering the business through a successful ownership transition. My passion for helping clients achieve their business goals has translated into creating a course to help other business owners understand the process from price to exit.
There are many things that need to be considered after you determine the valuation (price):
- Who will buy the business?
- What is the culture of the business?
- If selling internally or to family, how to train them to be leaders.
- How will you navigate the transition in leadership?
My goal in selling my business, was to build a solid foundation and leave a lasting legacy. Your legacy is not just the business you've built, but the leaders you've developed.
I have also become certified on Emotional Intelligence. Emotional Intelligence is one of the most important pieces of leadership. My plan is to create awareness about Emotional Intelligence with leader training classes.Â
I am also the Chair of the HR committee and the Business Gifts Committee as well as Board Member for The Home of the Innocents, one of the biggest non-profits in Kentucky. In my spare time, I play tennis, pickleball and enjoy boating and traveling. My husband and I have also purchased an interest in 4 race horses ! We are in Kentucky, you know.
"Annette, you are a rock star! I wish you all the best in Annette 2.0."
-Â S Moore
"Congratulations Annette. Great to see a plan well devised and executed! Best wishes to you
and the Oasis team."
-Â L Zaccone
"Congratulations Annette! You’ve built Oasis to amazing heights. Cheers to a wonderful
career!"
-Â N Corwick
"Congratulations Annette! You and Oasis have been an absolute pleasure to work with. Wishing you
all the best."
- A Seidel
"Congratulations! A case study on how to lead a plan."
- D Whitehouse
"Congratulations Annette! You built a great team, and provided a future for them and their
families. That is an incredible and honorable achievement!"